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Michigan 62, U.s. 14, Pepsi 13, Hsbc 9, New York 8, America 8, Brooke Baldwin 7, Lansing 7, Jim Hoffa 7, Washington 6, China 6, Citi 5, Schwab 5, Osama Bin 4, Brooke 4, Oklahoma 4, Advair 4, Cisco 3, Union 3, Craig 3,
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  CNN    CNN Newsroom    News/Business. Latest on the day's top news stories  
   with a focus on global news, trends and destinations. New.  

    December 11, 2012
    11:00 - 1:00pm PST  

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24th. federal judge says north carolina's choose life license plates are unconstitutional because the state does not offer plates with a different viewpoint. a lawmaker who sponsored a bill for the new plates reportedly plans to push for an appeal of the judge's ruling. and, of course, we want to go to brooke baldwin where "cnn newsroom" continues. hey, brooke. >> hey, suzanne, thank you. i'm brooke baldwin. right to it. thanks for being with me. we want to begin in michigan. take a look. >> we are -- >> union. >> the sound of protesters chanting, filled the state house gallery in lansing, while inside the capital chamber the republican-led legislature passed not just one, two right to work bills. one was for the public workers. the second, which passed moments ago, covers workers in the private sector. with the passing of both bills here, michigan will become the
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24th right to work state, all that is left for that to happen, for the republican governor to sign it. rick snyder promises to do exactly that, probably tomorrow. look at more pictures we have for you here. more than 12,000 protesters gathered in freezing temperatures. i think i saw some snow falling earlier there in lansing as the lawmakers were inside, voting. and, against the odds, democrats waged a final losing battle. poppy harlow, let me bring you in there, amidst all of this in lansing. set the scene for me, now that we know, poppy, both the bills passed. what is the reaction like in the crowd? >> we knew this was going to happen and frankly, brooke, so did many of the workers, many of them union workers here in the crowd today as you said. thousands, likely more than 10,000 here protesting this legislation. but it is about the symbolism. what does this mean for a state like michigan that is at the heart of the organized labor movement in america to pass this right to work legislation. for our viewers that might not
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know what this means, if it is signed by the governor which in all likelihood it will be, this means it will be illegal for a union or employer to force someone to join a union or pay any money to that union. that changes the picture for everyone from public school teachers that are unionized to autoworkers on the line at gm, ford or chrysler. interestingly, though, today, too here, brooke, you had fellow union workers protesting that aren't even part of the legislation. it does not apply to firefighters or police officers. but yet here today we found firefighters who were protesting this saying this is bad for workers across michigan. and nationally. i want you to listen to ted coakley, he's one of those and he explains why. does this mean the gbeginning o a death of unions in the country? do you think it is that big symbolically? >> i think things like this are waking the sleeping giant. i think workers and working families are tired of losing.
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they want a fair share of the prosperity of this state, and this country, and i think that's going to help build the union movement. >> reporter: -- from this right to work legislation. why are you here? >> that's correct. as of right now we're exempt from this legislation. but it doesn't change the fact that we want to be here to support all our brothers and sisters in the unions because we're also union. and the fact that our parents, our grandparents, our great grandparents, they struggled and they fought and some even died to have the right to organize for better safety, better wages, bet bern fits for their children. >> reporter: you heard from that firefighter and then ahead of him you heard from a man at the center of this, bob king, the president of the united autoworkers here, saying this doesn't necessarily mean the death of unions. the reason i asked him that is because we have seen the decline of union membership, not only here in michigan, but nationally. it was more than 20% of all workers were unionized in 1983. today, it is under 12%. so the symbolism here in michigan is key.
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i spent time out here with the protesters today and also inside the capital, behind me. if we can roll some of the video, when the first bill of these two bills passed, they sat on the floor of the protesters, chanting veto, veto, saying this is our house. clearly, though, the legislation not moving in the direction they want. the only option now, brooke, frankly, is for them to work hard over the next two years to get representatives they want elected, to get a new governor elected, could overturn this legislation. as long as it is signed by the governor, this is the new law of the land in michigan. >> i know so much of this having talked to folks on one side, that this is just the beginning of a fight, certainly will be a push for the elections in two more years. there is another side. poppy, harlow, thank you. joining me here in a moment, also there from lansing, is bobby showstack, chairman of michigan state republican party. he's going to join me here in a moment. just by coincidence, here he is, welcome, sir, the president visited your neck of the woods
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yesterday in redford, michigan, not too far from detroit. and you probably heard what he said about the so-called right to work legislation. let me just play a portion of that. >> what we shouldn't be doing is trying to take away your rights to bargain. [ cheers and applause ] the so-called right to work laws, they don't have to do with economics. they have everything to do with politics. >> politics, he says. bobby showstack, you heard the resounding cheer. you have to consider the crowd there. what do you say to that? this is nothing but politics? >> well, this is about economic
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growth, economic development, freedom for workers who have choices. it is everything but politics. this was a hotly discussed issue for a couple of years here in michigan. it was coming forward one way or another, and the fact that the president sees it otherwise, i think frankly ought to pay attention to the tenth amendment and this is what the state of michigan is calling for. >> economic growth and development. but with all due respect, you're not an elected official, your job is head of the state republican party is to help elect republicans. but unions clearly back your opponent. so doesn't it help you politically for the weaken the unions which is precisely what this legislation will be doing? >> well, look, this is about business and job growth for all of michigan citizens. and all businesses. and everybody who is affected by positive things happening in michigan. and the president speaks to job growth and opportunity and this is one of the avenues to do it. there are people on both sides of the aisle, union members are in favor of this legislation because it is about choice. and it is about opportunity.
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it is about freedom to decide whether to join a union or not and to pay dues and to participate in the benefits. if the unions have a valued proposition for their members, unions will prosper in michigan. if they don't, they'll have to find a new way to be effective. and that's very simply what this is about. >> and i'll be talking to one of those union members who is thrilled that this will in all likelihood pass and he's thrilled about the choice. but at the same time, next hour, bobby, i'll be talking to jim hoffa next hour who has been out there in lansing. he says, i'm quoting him, this is war on the middle class, quoted as blaming billionaires pressuring the governor, some republicans to support this policy, which he argues will actually lower wages for michiganders. what do you think? you talk about bowl strerg the economy and economic development, what more will it mean for workers in your state? >> well, i think overall in michigan we're looking at bringing businesses here and growing our state.
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and providing an environment that is conducive for business growth. and it has everything to do with the cost of labor, and it has everything to do with rell la , regulation, it has everything to do with the cost of utilities. and we need to be competitive there is 23 other states that are competitive with michigan on business growth. this will grow jobs and give opportunity for union members, non-union members, folks to relocate to michigan, grow our population once again, keep our young people here after they graduate college, so a whole host of issues here that are affected by a positive change like this for michigan. which is why there is so much support for this bill. >> sure, those sound like many a positive reason why this is a good thing, but at the same time, you have democrats and they're saying what you're doing here, with this law, is laying the ground work for endless confrontation. do you think that's true, endless confrontation? how do you see this playing out? these people say this is just the beginning. >> there is no place for confrontation here. some of the behavior going on
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behind me today is reprehensible. and the union membership, leadership, and any democrats associated with it, should condone it. this is all about the opportunity for all citizens of michigan to find a new and better way and more effective way for their families to grow their families and expand their opportunities, financially and otherwise. and so we're here to help all michigan families grow and prosper and not about one particular special interest group that is going one direction or the other. >> chairman of michigan state republican party, bobby showstack, thank you. roll the animation, stop the presses, three weeks until the fiscal cliff deadline. the man leading the republicans here hits the floor of congress to deliver what many americans are hoping is a major development. so? >> well, a lot of people know the president and i met on sunday. a nice meeting, cordial, but
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we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. >> no news. zip. still no agreement. we'll let you know if something significant happens. developing now, hugo chavez undergoing surgery in cuba today. an operation that we're told was quote/unquote delicate. his health is a bit of a mystery, but we do know he had surgery last year to remove a cancerous tumor. still not yet clear what kind of operation he had today. updates as we get them. broad daylight, on a crowded new york sidewalk, someone walks up to a man and shoots him,
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point blank range. today, a race for answers. i'm brooke baldwin. the news is now. move over, america. a sobering new report suggests china is getting ready to surpass the u.s. economy. plus -- >> this is the place where lisa was buried. >> cnn goes inside the search for da vinci's famous muse. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer.
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the heat is coming down on the bankers. three were arrested in london this morning. alleged manipulation of global interest rates. this goes back to the meltdown. also today, global banking giant hsbc agrees to a record payment $1.92 billion. yes, that's billion with a b to settle accusations of money laundering. check this out. a report by the senate banking committee found that hsbc in mexico shipped $7 billion in cash across the u.s. border. 7 billion bucks, no way there
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wasn't a bunch of drug money there. great guest here on this today, a man who told me at the commercial break likes to get to say, i told you so. neil barofsky, the head of hsbc here, his name is stuart gulliver. we accept responsibility for our past mistakes, goes on to say we have said we're profoundly sorry and we say so again. neil, is there any way these banking officials did not know they were dealing with drug money? >> look, you look at the scope and size of the conduct that is described in the settlement and just the number of the settlement of $2 billion. >> huge. >> the notion this wasn't something that was known on senior levels of the banks. at least they had plenty of reason to suspect that this was ongoing. and gulliver should be happy today. he just got, somebody described it as the biggest slap on the wrist in the history of banking fines. >> i'm sure it is still hurting.
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you're saying reason to suspect. that's your answer there. close to $2 billion, a hefty fine, hefty, harmful slap on his wrist. what about criminal charges here? you think someone should go to jail for this? >> i don't know how you can look at the conduct that was described, and the size of the fine, and not conclude there was clearly criminal conduct here. it is not as if these companies commit these crimes by themselves. it takes individuals to commit the acts that underlie the conduct here. >> should they go to jail? >> absolutely. what you have here, the most stunning, described in the papers this morning, is that the department of justice decided not to seek criminal charges against the institution itself, not because of a positive ty of evidence but they were afraid of destabilizing the financial system. in other words, this sort of solidifies we have two tirz ers justice in this country. one for everyone else and one for financial institutions that they can bring down the economy in 2008 and commit crimes and not be held accountable. i mean this is a really significant problem going
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forward. the very stark acknowledgement today that they're not going to seek criminal charges against institutions just because they're too big. >> let me move on. second item. three arrests in london for the alleged manipulation of global interest rates. we're talking trillions of dollars. talking about the rates on credit cards, home mortgages, you name it. the investigation does have a long way to go. do you think we will find out that there was some kind of conspiracy to rip off borrowers, neil? >> i don't think there was any conspiracy to set the rates. all the news of additional banks that are being lined up to settle, there is no question that there was a conspiracy. that it was likely done for individual profit, for the terms of traders and overall profit for the companies to make them look like they were better off than they actually were, which is a deception on the entire marketplace. the big question comes, one, are we going to see criminal charges against the institutions and bring some level of high level
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accountability so to deter this conduct from going forward, and secondly, are we going to see high level indictments, significant people in charge who are running these institutions to the extent the evident links them up so we can have that degree of accountability. if we don't, just like the hsbc matter, it is telling the executives in the institution, crime pays. go ahead, do whatever you want to do, enjoy your profits, and the worst thing that happens, well, you have some fines that really make up a matter of a couple of weeks of profits that you lose. >> you're saying the fines this is like chump change to these folks? >> chump change? $2 billion to hsbc is six weeks, eight weeks of earnings. it is a lot of money, relatively or specifically. but compared to the profits that you can make by breaking the law, if you know that the degree of accountability that will come is from an individual level, you're essentially going to keep all the profits you made in your bonus for doing this illegal activity, and even as an institution, who really pays? it is the shareholders.
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today's share holders were paying for profits earned by yesterday's executives. this is an untenable situation that will lead to more crime and more crisis. >> neil barofsky, thank you, sir. good to have you back on the show. >> thank you. in broad daylight, along one of new york's busiest streets, someone shoots a man, point blank, and then runs. now as police hunt for the so-called assassin, look at this, new video shows the suspect moments before. yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today.
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this next story shocked even your most hardened new yorkers. happened about 24 hours ago in midtown manhattan, not too far from carnegie hall, club defir circumstan circle if you know the area. a man walked up to another man, put a gun to the man's head, pulled the trigger, walked away and got into a nearby waiting car, leaving this man dying on
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the sidewalk and no one in the crowded street saw the gunman. take a listen to some of the people who were there, they described what they didn't see. >> no one seen the person that did it. whoever did it was, like, you know, he was a ghost. >> like the guy never existed. whoever did it got away clean. >> not exactly clean. because police do have surveillance video and it shows the hit. we're not going to show you that. but i do want you to take a close look at the still photo. this is the moment before the gunman, you see the man on left side with the hoodie pulled over his head, pulls the gun, fires. the guy in the hoodie is the person you're looking for. you can barely see the tiny glimpse of his features but then there is this, the car he got away in, an lincoln mkz, saedan. shows the guy getting out of the gray lincoln. watch closely. this gives you an idea of what
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the car looks like. let's not forget here the victim in this brazen murder, brandon woodward, a law student, visiting new york from california, he does have a police record, couple of misdemeanors, and a felony cocaine possession charge. but what would make him the subject of such a brazen hit, in broad daylight? on a busy new york street? gill alba, a former nypd detective, what do you make of this? was it a hit? >> definitely a hit. this is midtown. that's one of the things you worry about is somebody shooting everybody. but this was specifically a hit. and the reason people don't identify or see somebody right away is because they hear some noise and then they look around, this guy already has walked away. they don't see the act or what happened. that's why they can't identify the guy. >> are you surprised by that? i know this area. a lot of people know this area. there are a lot of people milling about, lunch time, we hear one guy saying like the gunman was a ghost. but we show the surveillance video, shows him hanging around.
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what do you make of that? >> it is really for witnesses to see something like that. but what happens with the surveillance camera sometimes, they're not the best. you can't get a good look at somebody and can enhance t but making it so brazen and new york city police department investigating this, so there is no doubt in my mind they'll get him. they know the car. they know the person. they're doing a background check, everything. got his cell phone, his text messages. everything they're going to check on. did he get a summons? you know, right there, where you park your car, if you're out in your car more than three minutes, they give you a ticket. maybe did they get any tickets? then they go on seventh avenue and make a left on seventh avenue this is the middle of times square. there is cameras. after 9/11 there is different cameras. they got license plates where they can identify the license plate. they got a partial plate they can find out what part of the city you're from. i'm sure they're going to catch these guys.
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>> what about just quickly the victim here. we mentioned some petty crimes in his background, some theft, cocaine charge. what should police -- what are police looking for? >> well, they're talking to his family, of course. they say he went to college and he's 31 years old, but he did have a couple of serious arrests. one did -- a robbery, with a weapon. so it is more serious charge than that. then they're thinking of the angle of drugs. so that's another angle. so i don't know how pure this guy woodward was. you have to do a background check and follow -- i don't know if they know why he's a new yorker, at this present time. >> scary. broad daylight. thank you. reaction pouring in as the governor of michigan gets ready to sign right to work legislation. we're going to speak live with the teamsters leader james hoffa coming up. a short time ago, nasa launching its secret baby shuttle. you will see the takeoff. ♪
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bottom of the hour, you're watching cnn. i'm brooke baldwin. egyptian president mohamed morsi put in place his new voting rules as the protests turn violent ahead of the saturday's vote on the controversial constitutional referendum. the new rules restrict voters from casting their ballots outside their electoral districts which had been allowed in the past. this announcement comes just hours after masked gunmen attacked these opposition protesters, happening overnight in cairo's tahrir square. nine protesters were injured, four of them critically. their attackers fired bird shot pellets, threw molotov cocktails. what will the new voter rules mean for this week's referendum?
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>> reporter: i don't know if you hear me. i'm having trouble hearing you. but about an hour ago -- >> we're having a tough time hearing reza. we're going to work on that connection and bring him back up. because it is important to talk about what is happening now in anticipation of the weekend. let me get you caught up, though, on our lead story out of michigan. take a look. >> vo >> veto! >> the republican-led legislature passed two right to work bills just within this past hour. one is for public workers. the second covers workers in the private sector. with the passing of both of these bills, michigan will now become the 24th right to work state. all that is left for that to happen is for the republican governor to sign it. you see the yellow states. these are the right to work states on your screen. the governor promises to give
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this bill his autograph, probably, we're hearing, tomorrow. listen as poppy harlow who is there in the thick of things in lansing, questions the head of the united autoworkers. >> does this mean the beginning of sort of a death of unions in this country? are you concerned this is that big symbolically? >> no, i think unions -- i think things like this are waking a sleeping giant. i think workers and working families are tired of losing. they want a fair share of the prosperity of this state, this country. and i think that's going to help build the union movement. >> again, just this past hour, lawmakers voted to turn michigan into the 24th right to work state. the governor of michigan, governor rick snyder expected to sign the bill into law tomorrow. how about this, this top secret military space plane has now launched from cape canaveral. take a look. >> five, four, three -- we have ignition -- two, one. and liftoff, liftoff of the united launch alliance atlas 5 rocket carrying the third otv
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mission for the united states air force. >> it is a long name. now we knowhe name. but its mission is still a mystery today. once owned by nasa, the unmanned spacecraft now in the hands of the u.s. air force. john zarrella, our go to guy on all things space there, joining me from miami. this is this super uber highly classified mission, we don't know where it is going or what twill be doing, but there are crazy claims out there. what are you hearing? >> we know it goes about 200 miles up, about the same height that the space shuttle does and autonomous, no people on board. it can stay in space for a really, really long time. they have gone up twice before and the last one, which came back in i believe october or so, it had been up there for 469 days, for 15 months, and nobody knows what it was doing. but some of the wild stuff out there, brooke that we're hearing is a lot of people are saying, well, maybe this is a spy killing vehicle.
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it can go out there and shoot down other satellites out there. spy satellites. or, you know, maybe it is a vehicle that can do other things like, you know, actually be moved into position itself as a spy satellite and take immediate pictures when necessary of things the military wants. so lots of crazy stuff out there, the military says none of that's true. >> oh, and by the way, yeah, asterisks, none of it is confirmed. we know you say it's been up there for like 15 months, it will be in space for several months. anything else we do know? >> if you listen to what the military says about it what we do know is that it is a, quote, test platform, according to the air force, where they're testing all kinds of new technologies. things like thermal protection, eviof avionics, heating controls, advanced technologies that would be used in the military, down the road, is what they're saying
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that this thing is. but, you know, one person that i talked to -- that i -- a -- >> a source. >> an analyst. >> yeah, an analyst, an analyst we have known for a lot of years said in a recent article i read, this may be nothing more -- its entire purpose may be to have the chinese wondering what its purpose is. so it may not have a purpose at all. >> so just a big quandary into -- >> yeah. >> a whole lot of nothing. >> who knows. maybe one day we'll find out. maybe it will be you. move over america, from money to natural resources. one country stands out as the lead come the year 2030. who might that be? we'll tell you next. also, from the famous smile, if you want to call it a smile, to the woman herself, archaeologists say they may have discovered the remains of
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leonardo da vinci's most famous model.
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today on the help desk, we're talking about financial aid, very, very important. with me this hour, lynette cox. >> how do you get a government loan to go back to school? >> this is a big question because through the government it is going to be more affordable than private student loans but a lot of people are worried about accessing that money. >> right. this is actually a good time to start thinking about it. january 1st kicks off fast this season. and that stands for the free application for federal student aid. if you want a loan or grant or scholarship of any kind for college, you must fill out the f fafsa. you can estimate your income
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figures, do it immediately. there are loans out there. there is the federal stafford loan, one of the most commonly granted loans for people who want to go back to college. depending on income, she might qualify for free money, like the pell grant. >> the money into pell grant is increased under the obama administration. >> that could change, but it is important you do this as early as possible there m. there may be programs through the school, and they're on a first come first served basis. so the earlier you get the application in, the better chance you have of getting it. >> do the leg work and do material. thank you. appreciate it. if you have a question you want our experts to tackle, upload a video with your question to ireport.com. thank you. asia will take the leading roll on the world stage in the years to come. the rest of the world falls behind. this is according to projections by the u.s. intelligence community. a new report sees a huge shift in global influence and big fights over natural resources. christine romans has more in new
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york. hey, christine. >> a world where asia is on the rise and an era of western dominance is over, it is not that far away. a 140 page assessment by the national intelligence counsel predicts it will be a far different world by the year 2030. a world undergoing, quote, tectonic shifts, comparable to the french revolution and the industrial revolution, the late 18th century, but happening faster, a lot faster. by 2030, china will have passed the u.s. economically and power shift to asia. the report says, the unipolar moment is over and pax americana, the era of american ascendancy and international politics that began in 1945 is fast winding down. expect food and water demand to soar 35%. and western middle classes to see even more competition from new rising workforces around the
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globe. brooke? >> christine romans, thank you. we know the face, and soon the mystery could be solved. who was mona lisa? c cnn goes inside the search for leonardo da vinci's muse.
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she had one of the most famous faces in history. and more than 500 years later, this team of archaeologists say they may have found the missing link to the mystery of mona lisa. ben wedeman reports from the site. >> reporter: the smile has perplexed art historians for centuries. leonardo da vinci's priceless masterpiece, the mona lisa. in the frigid bows of what was once a convent in florence, television producer turned art researcher silvano is leading a project to find and identify the remains of the woman who posed for da vinci more than 500 years ago.
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historical documents seem to indicate this is the place where lisa gardini, mona lisa, was buried. beyond that, it is all a mystery. the remains of five females have been found here. the skull may be that of lisa gardini, the second wife of a wealthy florence silk merchants. the remains will be compared with the dna of two relatives buried elsewhere. no other likeness of her has ever been found, and given that da vinci spent years working on the painting, it is possible the real lisa gardini bears no resemblance to the mona lisa. >> translator: once we identify the remains, he tells me, we can reconstruct the face with the margin of error of 2% to 8%. by doing this, we'll finally be able to answer the question the art historians can't, who was
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the model for leonardo? the smile on the other hand will probably remain a mystery. he claims scientific analysis suggests the smile came later. when, he says, leonardo began painting the model in front of him, he didn't draw that metaphysical ironic, poignant elusive smile, but rather he painted a person who was dark and depressed. the smile, they have suggested, may belong to da vinci's long time assistant and some believe love lov lover giacamo. while some thing the painting was a surreptitious self-portrait. we may never know if the smile was, as nat king cole sang, to
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tempt a lover or to confound humanity. ben wedeman, cnn, florence, italy. >> thank you. they had a loaded handgun. they tried to carjack a woman. >> it is fully loaded and cooked and ready to blow your brains out these two suspects ran from the police. so why won't they face any jail time? we're on the case next. diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. [ male announcer ] zyrtec-d®. behind the pharmacy counter. can your hearing aid do this? lyric can. lyric can. lyric can. lyric by phonak is the world's only 24/7, 100% invisible hearing device. it's tiny.
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listen to this. this portland woman was held at gunpoint by two boys. 7 and 11 years old. amy garrett says she was sitting in the car when two boys come up to her, threaten her, demand she hand over her truck and this is happening at a church parking lot. >> the 7-year-old told the 11-year-old, show her the piece, show her the piece. so he showed me -- he flashed me his gun and i was, like, is that real? he said, you don't ever ask if it's real, that's how you get shot. he said, do you want to see the bullets? yeah, sure. they pulled the bullets out of the 7-year-old's backpack. that's when i realized it was real. it is cooked and fully loaded
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and ready to blow your brains out. are you ready to let me drive your truck? >> these are children. because of the boys' ages, they would not be taken to a juvenile detention home. criminal defense attorney anne bremner joins me. this is one of those stories where we're talking abo it this morning and everybody's jaw is on the floor, the affiliate here in portland, k2, they had a loaded handgun, ran from police, were handed over to their parents. i know they're i want to say itty-bitty but apparently not so much, can you not charge them? >> it is an astonishing story. my jaw is dropping right here. you think, portland? these kids? the gun and the bullets and everything else. but they can't -- they're too young. they're so young, it is an astonishing story, but too young to charge. because they don't have the capacity to commit a crime. they don't have the requisite knowledge about their
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criminality, potential crimin criminality to commit a crime. so they don't go to juvie. they go to their parents. where are they going next? who knows. >> they go home to their parents, you hope their parents punish them. there is no recourse? >> that's right. at least in the criminal laws. now, under the civil laws, the parents can be potentially held liable for the criminal acts of their kids, but they -- it is basically a should have known standard with parents on a civil standard. on the criminal, one thing they can do that authorities could have gone in and asked for capacity hearing and said this is so extraordinary this crime, that we're going to go back and ask a judge to decide do they have the capacity to commit the crimes and should they be tried criminally. >> okay. >> but they didn't do that. >> they didn't do that. so maybe -- let me move on to the next story. >> grounded or something, right? >> federal judge ruled that north carolina's new choose life
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license plate says they're unconstitutional because the state doesn't offer a proper alternative, a pro choice alternative. tell me about the judge's reasoning. >> it is called viewpoint discrimination. it violates the first amendment. if you don't offer an alternative choice. what they did in north carolina, they said, this is your one option. respect life, without coming up with another option, which was respect choice, for example. in fact, that latter option was rejected by the legislature. and that's really what it comes down to you gave the one choice, your viewpoint is discrimined against if you have the other view or choice. >> we're looking at this plate, apparently 376 of them were already getting made. do you think the state could appeal the ruling? >> i think they can. but i don't know they'll be successful. i think what they did, it is showing they considered the alternatives and rejected them when it is clear under the first amendment, you can't discriminate against people's viewpoints. that's what america's all about. embracing all different viewpoints. so is the state. you can't come in and say, you
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just think this way, or our license plates will read this way. >> anne bremner, thank you so much, on the case with us today. >> thank you. moments from now, jim hoffa will join me live to react to this right to work bill, one step closer to become law in michigan. you know what he says? he says it is about to tear the state of michigan apart. we'll talk to him. plus, new video, just in to me, piers morgan sits down with joe lieberman, john mccain, lindsey graham, for this rare interview. you see them all threeapparentl lively on one particular issue. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do this without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella.
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we are just getting in new video of piers morgan and sit-down with the three senators. john mccain, joe lieberman and lindsey graham, all together, same room, and the issue of gay marriage came up. here they were. >> my state, we're not going to
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change the traditional definition of marriage. and i would support the traditional definition of marriage, not out of hate, but i believe that's just best for society. at the end of the day, states will come out differently on this issue and i think that's the way it should be. i think each state -- >> could america really stand for freedom and genuine equality if half the states continue to view the rights of the homosexual couple to get married in a completely different way to the way they view the rights of a heterosexual couple? >> can people in a republic -- can people in south carolina and new york differ? i hope so. but can we do it in a way -- >> can they both be equal? can they both espouse equality if in one state you can't get married and another -- >> that's the basic question. two. one is is it unconstitutional to prohibit same sex marriage. >> what do you think they should
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say? >> i think marriage ought to be decided by the states. that means some states would have the right to prohibit same sex marriage. though i must tell you -- >> that's the principle of the conservative federalist belief. >> that is a portion of the interview you can watch in full tonight, 9:00 eastern. "piers morgan tonight" right here on cnn. we continue on. top of the hour. thanks for being with me. i'm brooke baldwin. we begin in michigan. workers rights to bargain versus one worker's right not to. it is a union showdown that the entire nation is watching because of where it is happening, the land of the autoworker. michigan. >> we are -- >> union. >> all these people chanting. they're on the losing side. the show of force for unions, bombarded lawmakers at the state capital since before sunrise today, but here's the news in the last hour. just this afternoon, the michigan house passed two right to work bills, already approved
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by the senate. the laws allow private and most public workers to opt out of paying union fees. opt out of being a member of a union. take a look at the map here. you see michigan now is one governor's signature away from becoming a right to work state. you see the yellow states. these are all the right to work states, michigan would become number 24. >> with this legislation, unions will remain free to make their case, but with this legislation, workers will now be freed to ma make their choice. it is time we restore the freedom of workers to the workplace of michigan. today is a game changer. >> let's go straight to lansing. here is jim hoffa, president of the international brotherhood of teamsters, a union with more than a million members. jim hoffa, welcome to you. i see all these signs behind you, stop the war on the workers. is this legislation, is this the
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death nell for these workers, the unions in michigan? >> not at all. this is just the first round of a ballot that will divide this state. we're going to have a civil war in this state because this has been passed by a lame duck legislature. by really there is no debate. this was done in five days. not approved by the people of the state of michigan. this is a monumental decision to make. for it to be done by outgoing senators and congressmen or legislatures is a tremendous mistake. and so what they're doing is basically betraying democracy, if there is any question here, let's put it on the ballot, let's let the people of michigan decide what is good for michigan. >> before that happens, though, it is assumed that, you know, your governor is poised to sign this legislation come tomorrow, in the meantime, as you wage this civil war, what does this mean for unionized workers moving forward in michigan. >> well, it means we have got to work hard, but basically we're
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going to challenge this in court, we have done this in other states, we're going to basically get this on the ballot, eventually. within the year. and basically vote this thing down again. we can get this thing stopped and it is the wrong thing for michigan. if anything, let the people decide, not a handful of lame duck legislators. this is a terrible mistake that will divide michigan. >> let me ask you about this. we know that this legislation will give the people of michigan a choice, a choice if they want to be a union member, a choice whether or not they want to pay the union dues. and just to get the other side of the story here, jim, i talked to the head of michigan's republican party, here is what he told me. >> there are people on both sides of the aisle, in fact, union members, in favor of this legislation. because it is about choice. it is about opportunity. it is about freedom to decide whether to join a union or not and pay dues and participate in the benefits. if the unions have a valued proposition, for their members, unions will prosper in michigan. if they don't, they'll have to find a new way to be effective.
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>> bobby showstack, michigan republican, party chairman. jim hoffa, what is wrong with giving woe ining workers a choi? >> it is creating a free rider status. with the majority of votes, that should be the people that control in that particular company. we have done this successfully all across the country. those states that do not have right to work, the ones that do have right to work, like mississippi, or texas, end up being the last in education, the last in people making -- having good jobs. we don't want that here in michigan. we want to create good jobs here. we don't want a race for the bottom. this will basically reinforce the fact that people make less money who are not in the union. so we really don't -- this is out to discriminate against unions, to make it so people don't want to join unions. what we want to do is now is to encourage that. >> you want to bring jobs to michigan, you want to bring business to michigan, but the
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thing is, you know, some businesses won't hire or even work with some of the unions because in these times they simply cannot afford it. and proponents of right to work, they say like bobby say this attracts economic development. do you disagree with that? >> that's absolutely untrue. what happened right now is michigan is on its way back. we have very low unemployment going down here. we're thriving. the auto industry is back. the state is coming back because of what barack obama did. this state turned the corner now. we're creating good jobs here with good wages. without right to work. this is basically a step backward, so we're going to end up like some state where people make $4500 less than a state that doesn't have right to work. >> in the meantime, what do you do to prevent people -- what do you do to prevent the hemorrhaging of workers from michigan? people will up and leave. what do you do in the meantime to keep them there? >> people aren't hemorrhaging in michigan. i don't know where you're getting that at. we're building jobs here.
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michigan is creating more jobs here. the auto industry is back. all our teamsters are back, we're hiring here. michigan is doing well without right to work. this is a step backward that is going to cause if anything basically less good jobs here in michigan. look at what is happening in texas. look what happened in oklahoma. basically nothing. they said that michigan -- that ohio and places like with right to work, like oklahoma, would thrive. oklahoma became right to work, if anything the wages went down in oklahoma. so it really doesn't work and that's basically a spin from big business. >> no, no. i'm just saying fear, a fear of hemorrhaging. certainly not. we want to see great things from the state of michigan. jim hoffa, we appreciate it. you're the president of the international brotherhood of teamsters. thank you. we'll follow up with you. rolling the animation. stop the presses. three weeks until the fiscal cliff deadline. the man leading the republicans here hits the floor of congress
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today, to deliver what many americans are hoping will be a major development. so take a look. >> a lot of people know the president and i met on sunday. a nice meeting. cordial. but we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. >> no news. zip, no agreement still. we'll let you know if something significant happens. developing now, hugo chavez undergoing surgery in cuba today. an operation that we're told was, quote/unquote, delicate. the venezuelan president's current health is a bit of a mystery. we do know he had surgery last year to remove a cancerous
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tumor. it is not yet clear what kind of operation he had today. updates as we get them. in egypt, president mohamed morsi has put in place new voting rules as the protests are turning increasingly violent. ahead of this saturday's vote on the controversial constitutional referendum. now, the new rules restrict the voters from casting their ballots outside their electoral districts, which is what had been allowed in the past. this announcement comes just hours after masked gunmen attacked opposition protesters overnight in tahrir square. in all, nine protesters were injured, four of them critically. attackers fired bird shot pellets, tossed molotov cocktails. we have reza sayah joining me from cairo. what will the new voter rules mean for this weekend's referendum? >> reporter: well, i think for the opposition factions they don't need much. at this point they don't want the votes to happen. they reject the process by which
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this draft constitution was written, they want to postpone the whole thing and that's why they're out here in front of the presidential palace. that's where we have been for most of the night, the opponents of the president have gathered. we got back from another neighborhood where supporters of president mohamed had gathered. we'll go out on a limb and say thankfully there will not be much violence tonight. there was a lot of concern coming into tonight because, again, the two sides had called for mass demonstrations, the opposition here. and the muslim brotherhood supporters of the president and in a neighborhood 15 minutes away, but they remain peaceful, they remain calm and the crowds are starting to thin out, and now all eyes, brooke, on saturday, the day of the big vote. all indications are this vote is going to happen. again, something that the opposition doesn't support at this point. >> for us in cairo, reza sayah, thank you.
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in the movie about the bin laden raid, she is the hero. but in the cia, apparently not all roses for this agent. i'm brooke baldwin. the news is now. many americans out of work are bracing for january 1st when benefits stop. >> it is what it is. >> the personal side of the fiscal cliff. and just moments ago, the rock and roll hall of fame just announced its brand-new class. we'll show you what happened. searching for a bank designed for investors like you? tdd#: 1-800-345-2550 schwab bank was built with all the value and convenience tdd#: 1-800-345-2550 investors want. tdd#: 1-800-345-2550 like no atm fees, worldwide. tdd#: 1-800-345-2550 and no nuisance fees. tdd#: 1-800-345-2550 plus deposit checks with mobile deposit. tdd#: 1-800-345-2550 and manage your cash and investments tdd#: 1-800-345-2550 with schwab's mobile app. tdd#: 1-800-345-2550 no wonder schwab bank has grown to over 70 billion in assets. tdd#: 1-800-345-2550
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and lock in your rate for 12 months today. liberty mutual insurance. responsibility. what's your policy? it was supposed to be one of the most secret operations in u.s. history, the navy s.e.a.l. raid that killed osama bin laden. and at the center of this decade long manhunt, a young female cia operative. >> maya, you want to brief them?
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>> there are two narratives about the location of osama bin laden. the one that you're most familiar with is that ubl is hiding in a cave in the tribal areas, that he's surrounded by a large contingent of loyal fighters. but that narrative is pre- 9/11 understanding of ubl. the second narrative, he's living in the city, living in a city with multiple points of egress and entry, access to communications, so that he can keep in touch with the organization. you can't run a global network of interconnected cells from a cave. >> that was a clip of the new movie called "zero dark thirty," chronicles this mission highlighting many of the people in the takedown including this young woman in seeking, finding, killing osama bin laden. in this new report from "the washington post," this mystery cia operative has a very complicated life, even more so after the bin laden raid. joining me from washington is greg miller, the intelligence reporter with the post, with "the washington post."
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welcome. >> thanks. >> what an article. i read it and from what i can tell, and also listen to an interview with catherine bigelow. this cia operative found the link to the courier to drive this forward to find osama bin laden. who is she? what do you know? >> she's in her 30s. she's a young female targeter for the agency, a targeter is a job in what she is supposed to find weaknesses in terrorist networks, look for nodes, people that can be recruited by the cia or people that could be hit by drones. and she played, as you said, a huge role in the hunt for osama bin laden. and focused on the idea that he depended on a network of couriers to hand deliver his messages. she believed from very early on that that would be the trail that would ultimately lead to the al qaeda chief. >> one of my favorite quotes in your piece is this, quote, she's
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not miss congeniality but that's not going to find osama bin laden. this is one woman who according to your new york piece, i don't know if she hit reply or e-mailed colleagues that they didn't get the accolades. what would you call her? >> she has a reputation for being really sharp, but also very combative and clashes with her colleagues. and that episode you mentioned is a perfect example. so the agency gave out awards to dozens of officers this year, earlier this year, or for their work on the search for osama bin laden and she was -- she got one of the most prestigious, but still she sends a reply all message to the rest saying, you know, you don't deserve to share these accolades with me. this was my work and you guys got in my way more than helped. >> okay. well, the actress in the film, apparently did not get to meet the real life female operative
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for security reasons. but she did talk to cnn about all of this at the hollywood premiere, just last night. here she was. >> this is an incredible woman who can't get credit for the sacrifices she's made because she's undercover. and for me making this film is thanking her and telling her story and acknowledging her sacrifices. people are going on and on about how accurate the film is. so much so that even after we made it, and it was in the editing room, the book came out, no easy day that the navy s.e.a.l. wrote, i ran out and started reading it immediately because i thought i need to know if we're on track. everything he said about jen, maya, was 100% accurate. she was the only one 100% positive, he was there, the best intel he received from a cia, she was crying on the airplane. even the little things he mentioned were right on the story we were telling. i feel very proud of the accuracy. >> she uses the air quotes, jen, no one knows her real name.
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how did they get the real story? >> well, the filmmakers got extensive access to the cia for this. after the mission, after the bin laden raid was a success, the agency was inundated with requests and they really put their backing behind this project. and there is internal e-mails that have come out to show how enthusiastic they were in providing access to the filmmakers who got to talk to this maya character, they got to talk to the head of the counterterrorism center, they got to tour facilities at the agency including the vault where they -- where the bin laden raid was planned and even to see the agency's mock-up of the compound in pakistan where bin laden was found. so it was really unprecedented access for hollywood and that's what accounts for the authenticity here. >> "zero dark thirty," military terminology for half past midnight. greg miller from "the washington post," thank you so much. >> thank you. the fear of the fiscal cliff and its effect on real people. >> we're not trying to live off the system.
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want to return again to the budget talks in washington. the president is getting pressure from his left flank today, progressive democrats warning him not to make cuts to medicaid in the fiscal cliff negotiations. one expressed dismay today at the climate of secrecy surrounding the talks. listen if you would to senator jay rockefeller of west virginia. >> i get nervous when two people disappear into a white house room and start making a grand alliance and they think, well, we're going to do this to the rich and that to the poor, so we'll make that a trade-off. and like tom harkin says, that is unmoral. you cannot do it. >> so for now, let's just say no budget deal come the first of the year.
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you know what happens. income taxes go up, and under terms of the debt agreement reached last year, government spending would slow. this is the so-called fiscal cliff. now, it is clear what higher taxes would do. but what about budget cuts? who would that affect? a lot of folks including several million unemployed workers. watch this story with me from cnn's kyung lah. >> reporter: she doesn't call it a fiscal cliff. what she could be facing at year's end is a financial free fall. >> i don't know. i just wish i wasn't in this situation, but it is what it is. and i can just do what i can. >> reporter: she lost her job as a new home sales manager last january. on an old laptop, with a broken cord, she applies for job after job, keeping track in a packed notebook. >> seven, eight, nine. >> reporter: averaging 15 applications a day. at age 54, this is the first
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time she's been on unemployment. she emptied out her 401(k), her savings and now the last resort, the emergency federal jobless program has kept her in her town home, giving her $450 a week. but on december 29th, unless congress and the white house act, the money stops. >> we're not trying to live off the system. we're trying to survive. it is not a luxury to be on unemployment. it is a means to keep us going. >> reporter: the fear of the fiscal cliff isn't just here in her suburban neighborhood. in the states with the highest unemployment, from the west to the north to the south, they will be hit the hardest. some 2 million americans will see the federal unemployment benefits disappear all at once. economist cris thornburgh says these americans are the unfortunate pawns in the tough game of politics and budget balancing. >> so ultimately this is a trade-off. the trade-off, of course, has to be that while in some ways some people will be hit painfully, by
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reduction of federal benefits, at the same time, we have to appreciate that this deficit has to be closed. >> reporter: at what human cost, she asks. >> there is my refrigerator. >> reporter: she's down to condiments until the next unemployment check arrives. but while we're here talking to her about the fiscal cliff, she gets an e-mail. >> yea. an interview. okay, great. okay. that was good news. >> reporter: a third interview for a sales job. if washington can't do it, maybe this job will pull her back from the cliff. >> i can't believe how excited i am right now. >> reporter: kyung lah, cnn, los angeles. up next, a very interesting perspective in this whole right to work fight in michigan. i'll speak live with someone who is a republican in a union who actually supports the bill many of his co-workers do not. that story live. plus, the heart breaking tale of a dad who accidentally shot his 7-year-old son. ll kids! ok, what's fast?
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i want you to hear this story of how craig lawrie died. the death of this 7-year-old boy was caused by an oversight you never want to make. craig was getting in his booster seat in the dad's truck, this past saturday, shortly after leaving a gun shop, in mercer, pennsylvania. craig's dad tried selling some guns that morning, gun shop wasn't interested in buying. so joseph lawrie, craig's father, took the guns back to his truck. listen to what police say happened next. >> about 11:15, a father and son exited the gun store here, entered their vehicle, child got in the front seat of the truck into his booster seat, dad got into the passenger -- sorry, the driver's side of the vehicle, and was holding a weapon, and reaching for the center console to put it down when the gun discharged and struck the 7-year-old in the right side of
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the chest. >> the right side of his chest. and here's the thing. joseph lawrie told police he emptied the gun's magazine before leaving the house, said he thought the gun was empty. police agreed this was an accident. craig's father faces no charges here. but listen again as police explain the mistake so commonly made. >> the magazine was empty, the father described it as he emptied the magazine out at the residence before he brought it here, unfortunately it was not rendered safe there was one inside the chamber which is resulting in the tragedy that occurred here today. >> the owner of twig's reloading den, the gunshot where this happened, echoed how easy it is to make this mistake. here it is in her words. >> pull the magazine out, they will not check the chamber. and it is just an unfortunate incident. >> and then there is this detail. the force of the bullet so great
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it pushed this little boy back so hard that the window behind him shattered. police say lawrie started driving just to get to his son to the hospital and then he stopped, he took his son from the truck, placed him on the ground and attempted cpr. sadly it was too late. it was a tragedy, a father is certain to never, ever forget. and we just wanted you to listen to the words of the police lieutenant investigating this case. >> father's traumatized. he's visibly shaken. it's probably the worst tragedy anybody can go through is to take your own son's life. >> i want to end where i began, a 7-year-old is dead because of an oversight. no one who handles a gun ever wants to make.
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bottom of the hour here, i'm brooke baldwin. it was a noisy, crowded, crowded scene here, but the demonstrations simply did not work. union supporters suffer a blow in a state known as the ultimate union stronghold, michigan. they continue to protest after the michigan house passed not just one, but two right to work bills today. the legislation allows employees in both private and public workplaces opt out of paying union dues, opt out of being a member of the union. republican governor rick snyder is expected to sign it into law, perhaps as early as tomorrow. but in the last couple of hours here, you've heard a national union leader weigh in on what this means as well as the michigan republican party chair here, both of them on this show. but now we have a different voice for you. a union member who is a republican and supports michigan's right to work laws. terry bowman is president and founder of union conservatives and welcome, terry, welcome to
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you. as we mentioned, republican, in a union, you support the bill, many of your co-workers don't. why? >> well, first of all, thank you for having me. but guess what? many of my co-workers do support this bill. unfortunately you've seen the protests, you've seen how loud and obnoxious some of the people can be. so there is a reason why many of the people who support this bill are not out here protesting as well. it can get pretty scary. but -- >> so you not an anomaly? you are not an anomaly. you're one of the few willing to share your opinion on national television. >> absolutely. i think i represent a huge crowd of union workers, michigan has 671,000 union workers in our state. and i would bet easily that well over 250,000 of those members are happy and supportive of the right to work bill today. >> i talked to just getting the other side of the story, the teamsters that -- the head of the teamsters union here, jim
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hoffa, he blamed politics for the legislation, he told me, you know, the governor is basically bowing down to extreme republicans, told me this is the beginning of a civil war here. what would you say to him? >> i would actually flip that around and say that it is actually politics at that is trying to defeat this bill. because, remember, right to work, it does not get rid of unions, does not affect collectively bargaining whatsoever. all it does is that it gives employees the freedom to choose whether or not they want to financially support a union. so that's -- it is a freedom issue on our side. however, on the other side, with mr. hoffa, and the party that he -- he supports, it is very much political because what this does is it takes away the guaranteed income string from union officials that, of course, much of that goes towards the democrat party. so i think on their side it is very political. >> and i know you point out it doesn't get rid of unions, means you can opt in, opt out, you
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don't have to pay that chunk of change to the union, which many argue is protected for them and their families. if this ends up weakening unions in michigan, terry, do you think that's a bad thing? >> well, i don't think it will weaken unions in michigan at all. my argument from day one has been that it will actually make unions stronger. this is why. because what right to work does is it injects free market principles or competition into the union marketplace. and now unions are going to have to, instead of taking workers for granted, because, remember, in michigan, a force unionism state, the union officials don't have to work very hard for their members because they know that members are forced as a condition of employment to continue to financially support them. however, in a right to work state, all of a sudden unions have to reinvent themselves and become much more service and product oriented and take care of their members. so in the long run, what right to work really does is it
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strengthens unions out of necessity. >> it is a perspective we had yet to hear today. terry bowman, thank you. coming up next, what will the world look like in 2030? 18 years from now. one report has some pretty interesting predicts about one about the american economy. ali velshi, business news, it matters to you. t a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here.
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from the cnn money newsroom in new york, i'm ali velshi. this is your money. hsbc has to pay out billions over money launder, but escapes criminal charges. the u.s. stands to make a profit off insurance giant aig four years after a record bailout. delta takes a stake in virgin. and china is ready to overtake the u.s. sooner than you think. first, forget the fiscal cliff, because the economy is coming back. americans are feeling more optimistic about 2013 and if we play our cards right, we're
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going to see a new economic renaissance. td ameritrade recently surveyed folks on their outlook for the new year. 43% say they're downright optimistic about the economy and believe we're headed for a rebound. 45% are feeling good about their own finances, but we already know that things are starting to get better. look, we're adding jobs every month, consumer debt continues to shrink. stock markets are up. longer term, though. america will reap the rewards of its domestic energy boom and more oil and gas gets extracted. the drop in the price of natural gas is already helping utilities and factories compete. that's creating more american jobs. and there is more. housing will be the golden lining to the economic cloud that is hanging over this country. mortgage rates are at historic low and should stay that way for the next two years but home prices have seen their bottom and are heading back up. when they do, confidence goes up too. most americans continue to build their wealth through home ownership. all of these things put together
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could launch another economic boom with real prosperity for years to come. we need to play our cards right. elected officials in washington shouldn't mess things up by failing to reach a deal to avert the fiscal cliff. but still, don't let it stop you from being really optimistic about the future. delta will buy up a 49% stake in virgin atlantic for $360 million. the deal creates a new joint venture between the two airlines spanning the atlantic ocean, virgin's founder sir richard branson is keeping his 51% stake in the company, but the move will significantly boost delta's international reach. i talked to delta ceo richard and irson earlier today. he says this is a move for more business and despite some rumors out there that delta wants to swallow up virgin, that simply doesn't make sense. talking about other things that don't make sense, anderson told me he would be in hot water if he ran delta like washington runs america. he also told me delta is getting ready for the fiscal cliff he hopes we don't go over.
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>> for the airline industry we almost have a perfect hedge against it. fuel prices will drop precipitously. and that's our largest cost. so we're a bit hedged against it. but if we, you know, we have contingency plans in place to reduce capacity, preserve cash, put investments on hold, and keep our hedge book -- our fuel hedging book relatively open. because you don't know what volatility will enter markets. so it is difficult to predict. i don't have -- you have a better prediction of what is going to happen. >> i have no better idea than you do at this point. >> it ought to be solved. >> right. >> well, doesn't pay to cheat. ask hsbc. they agreed to pay out a record fine of $1.92 billion to u.s. agencies over allegations that it laundered money from mexican drug cartels and violated u.s. sanctions on countries like iran.
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despite all of that, hsbc avoids any criminal prosecution with what is arguably the biggest bank settlement in u.s. history. that's a slap in the wrist says neil barofsky. >> it is essentially telling the executives in these institutions, crime pays. go ahead, do whatever you want to do, enjoy your profits and the worst thing that happens, you have some fines that really make up a matter of a couple of weeks of profits that you lose. >> hsbc joins a long list of foreign banks that have run afoul of u.s. regulators. four years ago in the middle of the financial crisis, the government was forced to step in and bail out aig to the tune of $182 billion. with this final sale of its 15.9% stake in the company, the government now stands to recover
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its money, plus a cool profit of more than $22 million. not the way you want to make money, but not bad. finally, you need to know that asia is set to surpass the u.s. and europe in terms of global power by the year 2030. china is set to lead that charge according to a report from the national intelligence counsel. that news from a report prepared every four years. this is by 17 different american intelligence agencies. the report says within 17 years you'll see asia surpassing both north america and europe in terms of gdp, population size, military spending, and technological investment. china in particular will be the largest economy in the world and for the first time ever the majority of the planet's inhabitants will not be living in poverty. the report also says-like to india which will mimic the growth that we're seeing in china today. so it could mean more global competition for america but doesn't necessarily mean an america in decline. if we play our cards right, we'll see an economic renaissance in this country, regardless. from the cnn money newsroom in
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no prescription needed. a near decade ago, pop superstar beyonce knowles first appeared in an ad for pepsi. ♪ >> hi. can you tell me how to get back to the interstate? >> thinking that sold some soda. well, this new deal taking pop star endorsements really to a whole other level because now beyonce has signed a $50 million contract with pepsi to become global partners. this basically means beyonce is much more than merely a brand ambassador for pepsi. pepsi becomes a brand ambassador for beyonce. we wanted to bring in peter shankman, our go-to guy on all
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this kind of stuff. so, peter, we know that her hubby, jay-z did something similar, striking up deals, you talked to pepsi. give me the skinny. >> i think the big mistake when you hear beyonce in a $50 million deal with pepsi, you assume pepsi is writing a $50 million check to beyonce. that's not the case. the majority of the money is going to go in a creative development fund that will work -- will create events, events around the world, branding opportunities, probably promotions, in store, probably in concert halls, venues, things like that, where they can share the spotlight. a great thing for pepsi. pepsi gets a lot of exposure, and beyonce gets a lot of exposure on the sides of millions and millions and millions of pepsi cans. >> there are not many beyonces out there that get this endorsement deal. is this just a select few? >> it really is. think about this. pepsi started this in 1984 with michael jackson. everyone remembers that.
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that was groundbreaking at the time to give creative control to an artist in the '80s was unheard of for commercial play. what is interesting about this is that beyonce has a company along with jay-z, and they have been doing lots of other thins behind the scenes from movies to tv to videos to commercials. this isn't anything new. but the extent and the scope of this is pretty impressive. especially for someone like pepsi. pepsi is the second largest beverage -- food and beverage company in the world. you're beyonce, you're walking on air today. >> globally. global heir. let me ask you about this potential game changer in the music industry because we heard today rolling stones, trying this whole new idea of pay-per-view concerts, if you can't fork over multiple hundreds of dollars to see them in person, for 40 bucks you can watch the concert from home, your phone, i love a good live show. when you hear about this, what does this say to you about the future of live music? >> they tried this about 25 years ago. the problem was you had to be in
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front of a tv at your home at a very specific time. quality wasn't that great. now you can be walking down the street, jamming out to the stones. i think it is a good idea. and let's face it, the rolling stones, not like they're not going to sell out their concerts, but this is another added revenue stream. >> i can see me going to a show and then also -- >> i guarantee you a lot of people will be doing that. look, it is a two-second delay. >> music memory. peter, always a pleasure. thank you so much. coming up, rock star royalty has just been announced. the 2013 inductees to the rock and roll hall of fame are out. donna summer, joan jett among the nominees. did they get the votes to get in? the full list moments away.
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former nfl commissioner todd has overturned the suspensions of all of the players involved in the bounty scandal.
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he was called in for the former new orleans saints player that paid money that involved injured opponents. tagliabue vacated all player discipline. he said contaminated by coaches and others in the saints. the decision means that the players will have their suspensions tossed out and get to play the remainder of the season. and i love music, grew up at home with a juke box and i have to say, i was there in cleveland at the induction ceremony last year. so speaking of the peppers, the lead singer returned to announce who will be joining him this year. so take a look. here he is, far right, in his
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red sweater. two men on the left, lou adler and quincy jones. the woman in the center, crazy on you, yes, i'm talking about heart. and who else was inducted? take a look. ♪ >> donna summer, queen of disco passed away in may. and the full list includes albert king, randy newman, public enemy, and canadian rock band rush. the induction ceremony happens this year in los angeles in april. our sister network will broadcast the event in may. another developments in the prank phone call that turned to tragedy. find out what these australian auto station -- what the deejays
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hugo chavez undergoing surgery in cuba today, an operation that we were told was "delicate." we do know he had surgery last year to remove a cancerous tumor. it's not yet clear what kind of operation he had today. updates as we get them. as millions of fans on both sides of the u.s. and mexico border are mourning the death of singer jenni rivera, crews are combing through the wreckage trying to figure out what caused it go down and crash in northern mexico. investigators say they have found human remains at the crash site but her family continues to hold on to a sliver of a hope for a miracle. >> in our eyes, we still have faith that my sister will be okay. we have no confirmation of her
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body being recovered. dead or alive, i'd like to thank you from the bottom of my heart, all the fans that have supported my family, that have supported our sister. we just ask for a little bit of patience and understanding of you guys. our family's going through a very difficult time. we are strong and we will continue to stay strong and we thank god for the live that he has given my daughter -- i mean my sister, for all of the triumphs and suck is hes that she has had and we expect there to be more in the future. >> we're told her family will be going to mexico. police say collecting evidence at the scene could take up to ten days. and the australian radio station behind that prank call that tricked a nurse that later died in an apparent suicide is now donating $500,000 to her family. the nurse allowed this radio hoax call through to the ward where the duchess of

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